Statutory Budget 2013 - 2014 - City of Stirling

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2013/14 Budget Notes _____________________________________________________________________ An offsetting arrangement exists between above accounts whereby debit and credit balances are merged and no overdraft charges apply so long as the net amount remains in credit. A net overdraft facility of $500,000 applies to these accounts. This is only utilised where daily cash requirements are unpredictable and would otherwise require the City to terminate investments prior to their maturity date. 16. MAJOR LAND TRANSACTIONS The City of Stirling has budgeted to sell a number of blocks of land in the 2013/14 financial year. Some of these sales meet the criteria of a major land transaction and as required these are individually disclosed below. Estimated Estimated Revenue Expenditure 2013/14 2013/14 $ $ Development and Sale of Land in the Mirrabooka Precinct 663,000 0 Development and Sale of Land in the SEAS Precinct 6,000,000 0 Development and Sale of Land in Tamala Park 2,666,667 0 17. RATING INFORMATION CITY OF STIRLING BUDGET FOR THE YEAR ENDING 30/6/2014 STATEMENT OF RATING INFORMATION Appendix VII NON-MINIMUMS MINIMUMS TOTAL Property GRV rate-in- Rateable Minimums Minimum Minimum Yield Rateable Value Numbers $ (cents) Rate Yield $ Value No. Payment $ $ Normal 1,724,800,171 61,003 5.277 91,017,705 370,265,775 30,534 763 23,297,442 114,315,147 Special 709,280 54 693 37,422 37,422 Interim Rates 945,465 945,465 1,724,800,171 61,003 91,963,170 370,975,055 30,588 23,334,864 115,298,034 Specified Area Rate Mirrabooka Trades Centre 525,230 23 3.709 19,480 19,480 TOTAL GENERAL RATES $ 115,317,514 Page 72
2013/14 Budget Notes _____________________________________________________________________ 18. NET CURRENT ASSETS AT THE START OF THE FINANCIAL YEAR Regulation 31 of the Local Government (Financial Management) Regulations 1996 requires local governments to calculate the Net Current Assets carried forward from the previous year and factor that into the forthcoming budget calculations. The 2013/14 Net Current Assets (otherwise known as Opening funds) was estimated as follows:- $ Current Assets Cash on Hand 35,690 Cash at Bank - (Committed and Uncommitted) 35,306,286 Cash at Bank - Reserves and Town Planning 68,472,675 (Restricted) Sundry Debtors 11,942,630 Stock on Hand 300,334 Prepayments - Less Current Liabilities Sub Total 116,057,615 Creditors and Accruals 12,365,664 Provision for Annual Leave 10,317,643 Sub Total 22,683,308 Estimated Net Current Assets 93,374,308 Calculating the Opening Funds - 1 July 2013 Net Current Assets (from above) 93,374,308 Add Interest Bearing Liabilities (loan repayments) - Provision for Annual Leave (cash backed) 9,517,341 Less Cash at Bank (Restricted) 65,145,502 Other Town Planning Scheme Assets (Restricted) 3,327,173 Committed Cash (Unspent Capital Grants) - Works Budget Carried Forward 22,358,974 Estimated Opening Funds 12,060,000 Page 73
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STATUTORY BUDGET 2013/2014
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COUNCILLORS AND WARD MAP 3
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THE YEAR AHEAD During the 2012/2013
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Profit on Sale of Assets 4.7% Non-O
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The City of Stirling 13/14 Capital
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2013/14 Capital Expenditure by Type
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The Refuse Collection Charges have
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SERVICE CHARGE INFORMATION 1. Refus
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FEES AND CHARGES INFORMATION The Ci
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SUBMISSION FOR BUDGET ADOPTION SUBJ
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Statutory Budget 2013 - 2014 - City of Stirling

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